arrangement in bankruptcy court

简明释义

迫产法庭调解

英英释义

例句

1.During the arrangement in bankruptcy court, the debtor presented a new business model to convince creditors.

在破产法庭中的安排期间，债务人提出了一种新商业模式以说服债权人。

2.After months of negotiations, the creditors agreed to an arrangement in bankruptcy court that would allow partial debt forgiveness.

经过几个月的谈判，债权人同意了一项破产法庭中的安排，允许部分债务减免。

3.The arrangement in bankruptcy court provided a clear plan for how the company would repay its creditors over the next five years.

该破产法庭中的安排提供了一份明确的计划，说明公司将在未来五年内如何偿还债权人。

4.The judge approved the arrangement in bankruptcy court, giving the business a chance to recover.

法官批准了该破产法庭中的安排，给企业一个恢复的机会。

5.The company filed for an arrangement in bankruptcy court to restructure its debts and continue operations.

该公司在破产法庭中的安排申请重组债务并继续运营。

作文

In today's financial landscape, individuals and businesses alike face the harsh realities of economic challenges. One of the most significant legal processes designed to help those in financial distress is the arrangement in bankruptcy court. This term refers to a formal agreement that allows debtors to reorganize their debts under the supervision of a bankruptcy court, providing them with a fresh start while ensuring that creditors are treated fairly. Understanding this process is essential for anyone who may find themselves in a precarious financial situation.The concept of bankruptcy dates back centuries, but modern bankruptcy laws have evolved significantly to address the needs of both debtors and creditors. An arrangement in bankruptcy court typically involves the restructuring of debts, allowing the debtor to create a repayment plan that is manageable based on their current financial status. This arrangement can be particularly beneficial for businesses that wish to avoid liquidation and continue operations while paying off their debts over time.When an individual or business files for bankruptcy, they must submit a petition to the court, outlining their financial situation, including assets, liabilities, income, and expenses. The court then assesses the case and determines whether an arrangement in bankruptcy court is appropriate. If approved, the debtor will work with a bankruptcy trustee to develop a plan that outlines how they intend to repay their debts. This plan must be approved by the court and often requires the consent of the creditors involved.One of the key advantages of an arrangement in bankruptcy court is that it provides a legal framework for debtors to negotiate with their creditors. During this process, creditors may agree to reduce the total amount owed or extend the repayment period, which can alleviate some of the financial burdens on the debtor. Additionally, once the arrangement is in place, creditors are generally prohibited from taking further collection actions, giving the debtor some much-needed relief and time to stabilize their finances.Moreover, an arrangement in bankruptcy court can also help improve a debtor's creditworthiness over time. Although bankruptcy filings can initially have a negative impact on credit scores, successfully completing a repayment plan can demonstrate responsibility and commitment to managing debts. As debtors fulfill their obligations under the arrangement, they may find that their credit scores gradually improve, allowing them to access better financial opportunities in the future.However, it is important to note that the process of obtaining an arrangement in bankruptcy court is not without its challenges. Debtors must be prepared to provide comprehensive documentation and transparency throughout the process. Additionally, there may be legal fees and costs associated with filing for bankruptcy, which can add to the financial strain.In conclusion, an arrangement in bankruptcy court serves as a vital tool for individuals and businesses facing overwhelming debt. By allowing for the restructuring of obligations under judicial supervision, this process aims to balance the interests of debtors and creditors alike. For those experiencing financial difficulties, understanding the intricacies of this arrangement can empower them to make informed decisions and ultimately regain control of their financial futures.

在当今的金融环境中，个人和企业面临着经济挑战的严峻现实。一个旨在帮助那些财务困境中的人的重要法律程序是破产法庭的安排。这个术语指的是一种正式协议，允许债务人在破产法庭的监督下重组他们的债务，为他们提供一个新的开始，同时确保债权人得到公平对待。理解这个过程对于任何可能发现自己处于不稳定财务状况的人来说都是至关重要的。破产的概念可以追溯到几个世纪以前，但现代破产法已经显著演变，以满足债务人和债权人的需求。破产法庭的安排通常涉及债务的重组，允许债务人根据其当前财务状况制定一个可管理的还款计划。这个安排对希望避免清算并在偿还债务的同时继续运营的企业尤其有利。当个人或企业申请破产时，他们必须向法庭提交一份请愿书，概述其财务状况，包括资产、负债、收入和支出。法院随后评估案件，并确定是否适合进行破产法庭的安排。如果获得批准，债务人将与破产受托人合作，制定一项计划，概述他们打算如何偿还债务。该计划必须获得法院批准，通常需要债权人的同意。破产法庭的安排的一个主要优势是，它为债务人与债权人之间的谈判提供了法律框架。在此过程中，债权人可能会同意减少总欠款或延长还款期限，从而减轻债务人的一些财务负担。此外，一旦安排到位，债权人通常被禁止采取进一步的催收行动，从而为债务人提供了急需的缓解和时间，以稳定其财务状况。此外，破产法庭的安排还可以帮助改善债务人的信用worthiness。尽管破产申请最初可能对信用评分产生负面影响，但成功完成还款计划可以证明债务人对管理债务的责任感和承诺。随着债务人履行安排下的义务，他们可能会发现自己的信用评分逐渐改善，从而使他们能够在未来获得更好的财务机会。然而，需要注意的是，获得破产法庭的安排的过程并非没有挑战。债务人必须准备好在整个过程中提供全面的文档和透明度。此外，申请破产可能会产生法律费用和相关成本，这可能会增加财务压力。总之，破产法庭的安排是个人和企业在面临压倒性债务时的重要工具。通过允许在司法监督下重组义务，这一过程旨在平衡债务人和债权人的利益。对于那些经历财务困难的人来说，理解这一安排的复杂性可以使他们能够做出明智的决策，并最终重新掌控自己的财务未来。